It's Official! Now that the paper has settled in Congress, find out which tax code reforms made the cut.
By Joan Szabo •
Opinions expressed by Entrepreneur contributors are their own.
The introduction of lengthy tax packages is becoming an annualevent in Washington, DC, and 1998 is no exception. This year,lawmakers passed the IRS Restructuring and Reform Act of 1998,which makes some long-overdue improvements in IRS policies andprocedures and adds a host of other changes to an already bulgingtax code.
The IRS-overhaul portion of the act stems from the work of aspecial congressional commission that studied the agency's needto restructure and from Senate Committee on Finance hearings heldlast fall that publicized numerous abuses taxpayers suffered underthe strong arm of the IRS.
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